/macÂ·ule/ (mÄÂ´kÅ«l) a discolored spot on the skin that is not raised above the surface. (mÄkâ²yoÍolâ²) n. A discolored spot or area on the skin that is not elevated above the surface and is characteristic of certain conditions, such as smallpox, purpura, or roseola. Also called macula.
stock option(noun) the right to buy or sell a stock at a specified price within a stated period. stock option(noun) a benefit given by a company to an employee in the form of an option to buy stock in the company at a discount or at a fixed price. stock options are not much use as an incentive if the price at which they can be exercised is out of reach.
Definition. A method of converting options into stock that requires no initial cash payment to cover the strike price. Essentially, a broker briefly loans enough money to exercise the options, and a portion of the stock is sold immediately after exercise in order to repay the broker. In this respect it is essentially buying on margin.